Bank VTB (Armenia) opened modernized branch “Gyumri”

YEREVAN, November 11. /ARKA/. Ceremony of presentation of modernized branch of CJSC “Bank VTB (Armenia)” ”Gyumri” took place on Tuesday in Gyumri.

“Gyumri is a very important city from the point of view of banking services. I hope that our branch will become one of the leading banks from the point of view of banking services and products”, said Valeri Ovsyannikov, General Director, Chairman of Board of Directors of Bank VTB (Armenia) during the opening of the branch. He said that in 2009 quality revolution took place in branch network of Bank VTB (Armenia).

During the last two years the monetary means were directed at the repair and equipment of modernization of the branches and representation offices of the Bank, for which we spent about $5-6 million. We renovated the old branches and not built new ones. “We do not open new branches. We already have the largest branch network in Armenia.

We try to make this branches universal and provide maximum specter of services”, said Ovsyannikov. The aim of modernization of the branches is funding of regional network for the support of local enterprises, particularly small business, as well as development of other banking technologies and services. Shirak Marz Governor (center Gyumri) Lida Nanyan expressed hope that the activity of the branch “Gyumri” Bank VTB (Armenia) will support economic development of the given region and its regional center – city Gyumri.

Branch “Gyumri” Bank VTB (Armenia) renders broad specter of universal banking services to population. It serves about 20 thousand clients monthly and has about 3.5 thousand card-holders. The branch has about 5 thousand accounts of clients, including 2000 pensioners. CJSC “Bank VTB (Armenia)” (CJSC “Armsavingsbank” till June 20, 2006) became the participant of VTB group in April 2004. At present, Bank VTB possesses 100% of shares of CJSC “Bank VTB (Armenia). As of October 1 Bank VTB (Armenia) has the largest branch network in Armenia (74 branches). -0-

spot_img

POPULAR

Armenia to Receive €170.3 Million IBRD Loan for Economic Transformation

On Wednesday, the Armenian government approved a proposal to sign a €170.3 million loan agreement with the International Bank for Reconstruction and Development (IBRD, a World Bank entity).

Unibank will not increase fixed-adjustable interest rates on loans secured by real estate

Unibank has decided to keep unchanged the fixed-adjustable interest rates on consumer and mortgage loans secured by real estate, which were scheduled to increase starting from May 2026.

Central Bank of Armenia expects inflation to return to the target level in the medium term

The Central Bank of Armenia expects inflation to return to the target level in the medium term, said Central Bank Chairman Martin Galstyan, answering a question from the ARKA news agency.

Unibank Issues Perpetual Bonds with a 13.25% Annual Yield for Shareholders

Unibank has issued a new tranche of perpetual AMD-denominated bonds with a volume of AMD 9 billion, available exclusively to the bank’s shareholders.

Euro, dollar, and ruble exchange rates against the Armenian dram fell: Central Bank of Armenia

The average market exchange rate for the US dollar against the Armenian dram, formed on the Armenian foreign exchange market as of May 26, 2026, fell by 0.27 points compared to May 25, to 367.74 drams.

LATEST NEWS

spot_imgspot_imgspot_img